Property

The construction arm of BGC Australia has secured the works to build boutique apartments in Claremont, as part of a $14 million state government project.

After months of canvassing for timeframe extensions to the Building Bonus scheme, property groups have welcomed the state government’s decision to extend on-site construction start times.

A 12-month housing affordability experiment has been launched at Mirvac’s Iluma Private Estate in Bennett Springs, to better understand the potential cost savings of energy-efficient homes.

Mirvac Group has completed its 104-apartment development, Compass, the final stage of its circa $350 million Latitude Leighton Beach infill precinct.

The City of Belmont’s new $38 million multi-purpose civic centre opened its doors earlier this week, the city’s largest project to date.

The state government’s new housing strategy aims to aims to deliver a 6 per cent net increase in social housing – adding 2,600 homes to the near 43,000 social homes in WA.

Houses in Perth sold 27 days faster in September compared to the same time last year, according to the Real Estate Institute of Western Australia.

A further two businesses have exited Yagan Square, taking the number of departures to 10 since the precinct opened in 2018, as retailers face pressure.

More than 11,000 home builders and renovators have applied for federal government grants but fewer than 800 have received the money.

After a surge in new home sales in August, new home sales for Western Australia fell in September, but were still 36.8 per cent higher than the June quarter.

Global consulting and engineering firm Hatch has expanded its Australian presence by purchasing Perth-based RobertsDay, which is ranked as WA's largest town planning firm.

University students have tackled housing affordability challenges in a new design competition that encourages the use of non-traditional construction techniques.

Joint-venture partners Finbar and Ventrade Australia have purchased a site in East Perth for $16 million, following a state government tender process.

BGC Housing Group has committed to employing up to 50 bricklaying apprentices over the next two years as part of a new apprenticeship program.

Property group Pindan has secured work on a $16 million boutique apartment block in Mount Lawley, with construction to begin this month.

After decades of planning, several marina projects proposing more than 900 boat pens are starting to take shape, but challenges remain.

Serneke Australia has unveiled its first Perth project; an $8 million 20-apartment timber building on Beaufort Street.

A major bank believes the factors point to a surge in Perth residential property.

Home buyers took advantage of a virus-flattened housing market in August, as borrowing rose by 12.6 per cent on the previous month.

One of Australia’s longest-standing property companies, Richard Noble & Company, has purchased a 50 per cent stake in Perth-based property funds manager Quadrant Investments.

Western Australia’s property groups have welcomed the state budget, in particular no new taxes or charges for property, but continue to call for housing stimulus timeframe extensions.

Once facing collapse, building company Cooper & Oxley has emerged with a restructured business and a new leadership team.

A Perth man has admitted to applying for eight fake building grants under the $20,000 state government Building Bonus scheme.

Multinational retail discount store Costco has received development approval to open a second store in Western Australia, planned for Casuarina, within the City of Kwinana.

The federal government will support an additional 10,000 first home buyers with the purchase of a new home, under the First Home Loan Deposit Scheme.

Mair Property Funds has purchased an industrial property in Canning Vale for $12.4 million, the group’s first acquisition under its new investment fund.

Construction has started on Arise Developments' $25 million shopping centre development in Rockingham.

Agem Property Group has opened the doors of its latest project, the $14 million Iluka Plaza shopping centre.

After several concept plans and years in the making, the $121.5 million Spoilbank Marina in Port Hedland is progressing, with a tender released for early works.

Tight building start times under the state government’s housing stimulus grants are leading some builders to cancel jobs and return deposits, according to the Housing Industry Association.

Perth’s housing value remained steady through September as economic conditions in Melbourne and Sydney weighed negatively on the national market, according to new CoreLogic data.

Demand for new houses remained strong in August, particularly in Western Australia, following the relaxation of COVID-19 restrictions in most jurisdictions.